Stria Lithium Closes $650,000 Private Placement to Boost Exploration

The latest update is out from Stria Lithium ( (TSE:SRA) ).

Stria Lithium Inc. has successfully closed a non-brokered private placement, raising $650,000 through the issuance of 13,488,000 common shares at $0.05 each. The funds will be used for working capital and exploring new mineral opportunities. This move supports Stria’s strategic focus on expanding its lithium exploration efforts, particularly in the promising James Bay region, where it has a joint venture with Cygnus Metals. The partnership aims to capitalize on the increasing demand for lithium driven by the shift to electric vehicles, with Cygnus having already earned a 51% interest in the Pontax property.

More about Stria Lithium

Stria Lithium is an emerging resource exploration company focused on developing Canadian lithium reserves to meet the growing demand for electric vehicles and lithium-ion batteries. The company is committed to responsible exploration and development, with its Central Pontax Lithium Project located in the Canadian ‘Lithium Triangle,’ a key area for hard rock lithium mining in North America.

YTD Price Performance: 19.05%

Average Trading Volume: 17,482

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.94M

For an in-depth examination of SRA stock, go to TipRanks’ Stock Analysis page.